Wealth Independence Podcast
The Wealth Independence Podcast guides high-income tech professionals through proven strategies for building passive income and achieving true financial independence.
Hosts Dustin Bailey and Adam Penn share battle-tested frameworks, real-world case studies, and hard-won lessons from their years of experience in private markets and alternative investments. Each week, they break down complex investment concepts, analyze current market trends, and interview successful investors and industry experts.
Through a freedom-first approach that emphasizes passive income, smart diversification, and thorough due diligence, learn how to shorten your learning curve and avoid common pitfalls on their path to financial independence.
Whether you're looking to understand private placements, real estate fundamentals, or alternative investment opportunities, Wealth Independence delivers actionable insights that help busy professionals make informed investment decisions.
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Wealth Independence Podcast
v1.35 - Amazon-Proof Real Estate Investing (ft. Steve Salvigsen)
Dustin and Adam interview Steve Salvigsen of Sage Square Capital, a seasoned commercial real estate investor who specializes in strip mall and medical/retail properties.
Steve shares his transition from residential development to building a successful portfolio of cash-flowing commercial assets, and dives deep into his unique investment thesis targeting secondary port cities like Savannah, Mobile, and Charleston, where major infrastructure investments are driving population and business growth.
Steve discusses why he focuses on “medtail” properties…strategic combinations of medical and retail tenants that create stable, long-term income streams, and explains why neighborhood retail like pizza shops, salons, and medical offices remain “Amazon-proof” and continue thriving despite e-commerce disruption.
Key takeaways for passive investors include understanding triple net leases (NNN), evaluating commercial tenant quality, the importance of lease term staggering, and why medical tenants provide exceptional stability. Steve also shares hard-won lessons from the 2008 financial crisis and explains his contrarian approach to currently out-of-favor asset classes like office buildings in undersupplied markets.
Whether you're considering diversifying beyond multifamily or exploring retail real estate syndications, this episode provides essential insights into a resilient asset class that weathered recent market volatility better than many predicted.
Episode Release Notes & Resources:
- Sage Square Capital: https://sagesquarecapital.com
- Connect with Steve on LinkedIn: https://www.linkedin.com/in/stephensalvigsen
Watch episode on YouTube: https://www.youtube.com/watch?v=2i22qMohJY4
See all Wealth Independence episodes at https://www.wealthindependencepod.com
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This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.
